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/biz/ - Business & Finance

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14052507 No.14052507 [Reply] [Original]

Every time you press this button, you have a 99.9% chance of receiving $5.

Every time you press this button, you also have a 0.1% chance of losing $20,000. If you do not have $20,000 in liquid assets, your personal belonging will be automatically liquidated until the debt is covered.

How many times do you press the button, /biz/?

>> No.14052516

>>14052507
Twice

>> No.14052524

>>14052507
700

>> No.14052527

Probably like 15 times

>> No.14052532

>>14052507
not worth to press the button for $5

raise the reward or lower the odds

>> No.14052541

>>14052507
I'd pay a gipsy to do it, telling him that he gets one dollar every time he presses it

>> No.14052555

>>14052507
I press once and keep holding down. It's one press and I'm getting $5x60 a second at least.

>> No.14052568

>>14052507
5000 times.

>> No.14052577

>>14052532
this guy is too much of a bitch to press it ONCE!

HAHA

what a sad little pussy!

>> No.14052595

>>14052507
No
It’ll take 4000 presses to reach $20,000 in which time I can expect to lose 4 times

>> No.14052609

>>14052507
does the button respect the legal difference between ownership and control rooted in common law?
If yes, I put everything I have into a trust and press the button infinite times, putting each $5 into a trust

>> No.14052612

>>14052507
One and a half presses

>> No.14052613

After 52 button presses I'd have gained $260 with a ~ 94.9304168146265579% chance of not having lost $20,000, that's the safe place to stop unless you're very unlucky.

>> No.14052671

>>14052507
I guess a simpler solution than trust is to make a button pushing robot, then cede that robot to a llc owned by me.
The llc distributes dividend each time a button generates $5
After a -$20k, the llc is liquidated, but its only asset is a robot.
A "robot" that pushes a button can be made for <$10
Repeat the scheme infinite number of times

>> No.14052711

>>14052613

This nigga did the odds and I like them but

>>14052516
would still go with just this.

>> No.14052724

There are people who get paid 12 something a hour to push buttons.

>> No.14052751

>>14052671
>>14052671
>>14052671
>>14052671
>>14052671
>>14052671
>>14052671

>> No.14052782

>what is martingale
a good thread died for this

>> No.14052792

>>14052532
This. Would rather do 99.99% chance of loss of $5 and .01% chance of winning 20k. 20k debt literally ruins lives

>> No.14052820

>>14052507
I'll press it non stop for 8 hours straight. If I hit that 1/1000 losing press, you can liquidate my dirty underwear.

>> No.14052840

>>14052671
Tell me where do you learn such thing?

>> No.14052842
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14052842

>>14052609
Kek

>> No.14052852

>>14052577
lol

>> No.14052856
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14052856

>>14052671

>> No.14052884

999

>> No.14052902

>>14052507
About Tree fiddy

>> No.14052916

the expected value is -15.005, so fuck off I wont press it

>> No.14053324

>>14052577
Anon if this seems like a good deal to you there are literally crypto gambling sites where you can press this button (except they don't have odds this bad). Don't be a pussy.

>> No.14053347

>>14052507
I dont

>> No.14053515

>>14052916
this is the only valid answer. Everyone with the tendency to make -EV decisions will probably never make it in the long run

>> No.14053701

>>14052916
this. losing $15 in expectation each time you press